Apollo Munich’s Individual Personal Accident Plan- the best cover for accidents

FOR IMMEDIATE RELEASE
Gurgaon, Haryana, India, Republic of (Free-Press-Release.com) January 17, 2012 -- Optimum is the word which defines the adequacy of anything. Nothing should be lesser than what one needs. When it comes to health insurance, there is no doubt that the quality of healthcare services should not be compromised. But, since the cost of medical treatments is spiraling, it is becoming difficult to afford medical expenses along with other routine expenses. As people are becoming more prone to health problems due to the change in lifestyle and many other factors, the health insurance is gaining momentum.

Apollo Munich is a pure health insurance provider. The company is a joint-venture between Apollo Group of Hospitals which is Asia’s largest healthcare provider and Munch Health, a world leader in the field of health insurance. The company is dedicated to provide best and most comprehensive health insurance plans which can cater to the healthcare needs of the masses. It is a standalone company which offers wide range of health insurance products. Be it a minor illness or a major one, the company offers its plans which cover everything from sore throat to a kidney failure. The products offered by Apollo Munich are meant for covering almost every know health related concern. Its plans not only provide cover for expenses related to medical treatment but also cover the other related expenses. From simple to complex plans, one can choose any plan as per his/her requirements. Every plan offered by the company is available in numerous variants from which one can opt for as per his/her health related concerns.

The plans offers by the company are affordable for people from all income groups. One such plan is Individual Personal Accident Plan. It is an affordable insurance plan for accidents which has its premiums based on the occupations of policy holders. The plan is available in two variants namely- Standard and Premium. It covers injuries sustained anywhere in the world. The sum insured for accidental death can be opted from Rs. 5 to 500 (in lakhs). Some major offerings of the plan are discussed as under:

a. Lump sum payments: The plan offers lump sum payments in case of Accidental Death (AD), Permanent Total Disability (PTD), and Permanent Partial Disability (PPD).

b. Emergency cover: the plan offers emergency ambulance chares for maximum up to Rs. 2,000. Besides this, it offers family transportation cover for 1% of the (Additional Death) AD sum insured and maximum up to Rs. 1, 00,000. Transportation of mortal remains is a unique cover provided under the plan. It is 2 % of the AD sum insured and maximum value can go up to Rs. 10,000.

In case of Temporary Total Disablement (TTD), the plan offers payment of up to 100% amount of the AD sum insured and maximum value is till Rs. 15, 00,000. Some other benefits include cover of expenses for treatment of broken bones which is 20% of the AD sum insured and can limit up to Rs. 1, 00,000. Expenses related to transportation of imported medicines are covered at 5% of the AD sum insured and can limit up to Rs. 20,000. Cover for purchase of blood is at 5% of the AD sum insured and can limit up to Rs. 10,000.

It offers some amount from the AD sum insured towards the education of children of the deceases or disabled. 10% of the AD sum insured and maximum of Rs. 20,000 is offered towards the education fund. Another good feature is that in case there is a requirement of doing some alteration or modification in the residence or vehicle after the accident, then the expenses for this purpose are also covered under it. 10% of AD sum insured and maximum of Rs. 1, 00,000 are offered to modify residence/vehicle post accident.

The inpatient hospitalization (accident hospitalization) for an amount of maximum Rs. 1, 00,000 is offered under the plan. The plan offers a discount of 10% if two or more members are covered under it. In case of Temporary Total Disablement (TTD), a provision is also there for weekly allowances. The inpatient treatment related medical expenses can be reimbursed. One should go thoroughly with the policy wordings of the plan so as to avail the maximum of benefits under it.

The policy cover starts from the age of 5 years onwards. The maximum entry age is 69 years and the cover ceases at the age of 70 years. If both parents are covered under the plan, then their dependent child can also get the cover from 91st day onwards. The policy is renewed on a yearly basis. It compensates for the injuries sustained due to occurrence of accidents anywhere in the world. There are certain exclusions from the plan like self inflicted injuries, suicidal cases; pre-existing conditions, etc. are not covered under the plan. The complete list of exclusions can be referred from the policy brochure.